Stallion India IPO
- IPO Date16 Jan, 2025 to 20 Jan, 2025
- Listing Date23 Jan, 2025
- Face Value₹10 per share
- Issue Price₹85 to ₹90 per share
- Lot Size165 Shares
- Minimum Investment₹14,850
- Listing AtBSE, NSE
- Total Issue Size2,21,61,396 Shares
(aggregating up to ₹199.45 Cr) - Fresh Issue1,78,58,740 Shares
(aggregating up to ₹160.73 Cr)
- Offer for Sale43,02,656 Shares
(aggregating up to ₹38.72 Cr) - Issue TypeBook Built Issue IPO
- Share holding pre issue6,14,66,514
- Shareholding post issue7,93,25,254
IPO Dates
Closing Date
20 Jan, 2025
Initiation of Refunds
22 Jan, 2025
Listing Date
23 Jan, 2025
16 Jan, 2025
Opening Date
21 Jan, 2025
Basis of Allotment
22 Jan, 2025
Credit of Shares
Stallion India Lot Size
Investors can bid for a minimum of 165 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| S-HNI (Max) | 67 | 11055 | ₹9,94,950 |
| S-HNI (Min) | 14 | 2310 | ₹2,07,900 |
| Retail (Min) | 1 | 165 | ₹14,850 |
| B-HNI (Min) | 68 | 11220 | ₹10,09,800 |
| Retail (Max) | 13 | 2145 | ₹1,93,050 |
Stallion India Promoter Holding
Shazad Sheriar Rustomji, Manisha Shazad Rustomji and Rohan Shazad Rustomji are the company promoters.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 94.63% | 67.9% |
Stallion India COMPANY INFORMATION
Stallion India IPO is a book built issue of Rs 199.45 crores. The issue is a combination of fresh issue of 1.79 crore shares aggregating to Rs 160.73 crores and offer for sale of 0.43 crore shares aggregating to Rs 38.72 crores. Stallion India IPO opens for subscription on January 16, 2025 and closes on January 20, 2025. The allotment for the Stallion India IPO is expected to be finalized on Tuesday, January 21, 2025. Stallion India IPO will list on BSE, NSE with tentative listing date fixed as Thursday, January 23, 2025. Stallion India IPO price band is set at ₹85 to ₹90 per share. The minimum lot size for an application is 165. The minimum amount of investment required by retail investors is ₹14,850. The minimum lot size investment for sNII is 14 lots (2,310 shares), amounting to ₹2,07,900, and for bNII, it is 68 lots (11,220 shares), amounting to ₹10,09,800.
Incorporated in 2002, Stallion India Fluorochemicals is engaged in the business of selling Refrigerant and Industrial Gases and related products. The company's primary business includes debulking, blending and processing Refrigerant and Industrial gases, and selling of pre-filled cans and small Cylinders/ Containers.
The company has four Plants in Khalapur, Raigad (Maharashtra), Ghiloth, Alwar (Rajasthan), Manesar, Gurugram (Haryana) and Panvel, Raigad (Maharashtra).
Stallion India Fluorochemicals Limited (Stallion) deals in gases that are broadly classified as Fluorochemicals. They are majorly used as refrigerants. Stallion's products such as gases are used in various industries, including semiconductor manufacturing, automotive, electronics, pharmaceuticals, healthcare, fire extinguishers, spray foam, glass bottle making, and aerosol production.
Competitive Strengths:
- Strong Market recognition
- Business model and ability to mitigate operational risk
- Customer base across high growth industries and long-standing relationships with customers
- Experienced Promoter and Key Managerial Personnel
- Track record of consistent financial performance
- Plants
Stallion India Fluorochemicals IPO
IPO Overview and Key Highlights
Stallion India Fluorochemicals, a Mumbai-based company specializing in fluorochemical production, is offering its Initial Public Offering (IPO). The IPO comprises a fresh issue of 1,78,58,740 equity shares and an Offer for Sale (OFS) of 43,02,656 equity shares, aggregating a total of 2,21,61,396 equity shares with a face value of ₹10 each. The proceeds will support expansion, working capital needs, and general corporate purposes. Shares will be listed on the NSE and BSE.
Key IPO Details
- Type of Issue: Book Built Issue
- Total Issue Size: 2,21,61,396 equity shares
- Face Value: ₹10 per share
- Offer Price: To be determined
- Offer Opens: January 16, 2025
- Offer Closes: January 20, 2025
- Listing Exchange: NSE and BSE
Company Overview
Founded in 2002 and headquartered in Mumbai, Stallion India Fluorochemicals focuses on manufacturing and supplying fluorochemicals used across various industries such as electronics, automotive, and healthcare. Promoters Shazad Sheriar Rustomji, Manisha Shazad Rustomji, and Rohan Shazad Rustomji have a robust industry background. The company has steadily built a strong domestic and global market presence
Financial Overview
Stallion India has demonstrated consistent financial growth, supported by its niche expertise and increasing demand for fluorochemicals. The IPO proceeds are aimed at scaling production capabilities and meeting operational requirements.
Key Strengths of Stallion India Fluorochemicals
- Niche Expertise: Specializes in fluorochemical manufacturing, catering to multiple industries.
- Global Market Presence: Strong export network alongside a domestic footprint.
- Experienced Leadership: Backed by seasoned promoters with proven expertise in the field.
IPO Pros and Cons
Pros
- Sectoral Growth: Rising demand for fluorochemicals in electronics, automotive, and healthcare industries.
- Proceeds Utilization: Funds will support expansion and operational scale-up.
- Global Reach: Established relationships with clients worldwide.
Cons
- Market Sensitivity: Revenue tied to industrial performance and market trends.
- Competitive Landscape: Faces competition from global and domestic players in the fluorochemical market.
- Regulatory Challenges: Adherence to environmental and industry-specific regulations.
Risk Factors
Investors should consider the following risks:
- Economic Dependency: Revenue sensitive to fluctuations in industrial growth and global demand.
- Operational Challenges: Managing expansion while maintaining product quality and efficiency.
- Regulatory Compliance: Strict environmental norms and industry-specific guidelines pose risks.
Conclusion
The Stallion India Fluorochemicals IPO presents an opportunity to invest in a growing company with a niche focus in the fluorochemical industry. With its experienced leadership and expanding market presence, Stallion India is positioned for long-term growth. However, investors must carefully evaluate risks such as market dependency, competition, and regulatory compliance before investing.
FAQs About Stallion India Ipo
Stallion India IPO will open on 16 Jan, 2025 and close on 20 Jan, 2025. Investors must apply within this period to participate.
The Stallion India IPO price band is set between ₹85.00 and ₹90.00 per share. The minimum lot size is 165, requiring an investment of at least ₹14850.00.
The Stallion India IPO shares are expected to be listed on 23 Jan, 2025, subject to regulatory approvals and final allotment.
You can track your Stallion India IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Stallion India IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.